Technician. Hobbyist trader. I appreciate nerds.
I only troll trolls.
No political allegiances. Both major parties are morally bankrupt.
Freedom trumps safety.
@hendry_hugh Unpopular prediction:
In a decade, we will look back and realize that we should have been using AI to MAXIMIZE human performance, not REPLACE it.
This is the type of market that can humble traders very quickly.
The overnight correction was a reminder that volatility is still very much alive.
For #ES_F, the focus remains on risk management first and profits second.
Key levels:
๐จ 7645 B pivot
๐จ 7510 L pivot
๐จ 7425 major institutional support
๐ฏ 7410 potential sweep area
๐ฏ 7785 upside target
Technical backdrop:
โข ES and NQ continue to experience elevated volatility
โข Daily ranges have expanded dramatically
โข Pivots remain the most important levels on the chart
โข Institutions continue to defend key support zones
The question now:
Do we undercut the 7425 institutional area and sweep 7410 before buyers step back in?
Or do the bulls regain control sooner?
For the bullish case to strengthen:
๐ ES needs to reclaim and close back above 7510
Game plan:
โข Trade smaller in this environment
โข Let price come to your levels
โข Avoid forcing trades
โข Stay patient and protect capital
Dips continue to look buyable while key support remains intact, but this remains a trader's market, not an investor's market.
The best trade is often the one you don't take.
Full breakdown in the video below ๐
@GuyDealership@dakotahermes Yeah, I didn't really expect BMW-like performance. What I really want is that hybrid drivetrain with a soft, cushy suspension & good noise control for long road trips. We already have a sports car for when fun is the primary objective ๐
Thanks for the reply!
@GuyDealership@dakotahermes I'm considering a TX right now. Which model do you have? Have you been happy with it? Opinions/ reviews are all over the board about ride quality and noise levels- do you mind sharing your thoughts? TIA!
@dakotahermes I'm considering a TX right now. Which model do you have? Have you been happy with it? Opinions/ reviews are all over the board about ride quality and noise levels- do you mind sharing your thoughts? TIA!
I'm looking for drop and pops today. 7538 bias.
Longs target 7549 then 7562-7587
Shorts target 7526 then 7511-7481
The big breakout level is 7575
The big breakdown level is 7514
Look for drops early to get bought, then transition to next phase.
$ES
@eminiwizard I entered the day assuming if we didn't get continuation in first 30-60 mins, we would likely have a choppy day with slight downward bias. Got a little more down than expected, but NQ needed it.
I expect timid buying tomorrow into the Fed, which for now is an unknown. ๐ค